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Hey all, I'm a San Francisco-based investor and starting to think about my first out of state investment deal. I'm hoping to do a buy and hold investment more focused on cash flow.However, I'm struggling to pick a REI...
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I bought a duplex in TX late last year site unseen. As an out-of-state investors, I got hit by one of the unknown unknowns. It turned out the house didn't have proper drainage so all the water in the neighborhood drai...
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Here's my situation. I'm seeking a mortgage on a duplex. I'm self employed. I have a seasonal lawn care business. My plan is to actually get a job in the restaurant business (for the winter and temper hours during the...
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Hello BP!What has your experience been with allowing tenants to deposit their rent payments into your account at the bank? Has anyone experienced a time when the tenant made a withdrawl? Also, in terms of setting up A...
Hey BP folks,I am currently looking into starting my investment career by purchasing my first multifamily house. A few observations or thoughts I have after running number on deals as they pop are as follows. Initia...
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Hey everyone, I’m a RE investor buying SFH so far and I’m ready to buy my first multi family property, up to 10-12 units, depending on the market. I’m trying to find out which markets can offer me multi family with a ...
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Hello BP. Well the time had finally come after all the books, research, and searching for a property that fits my investment strategy; I've bought my first house cash. It was a foreclosure the is distressed. I should ...
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I am considering starting a s corperation to own my LLC's that I keep my rental properties in. From what I understand I could pay my self a small management salary of something like $6000-6500 per year, and receive th...
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Well, I’ve had my first taste of a scam being run on my (1st ) rental. Our agent put it on the market in mid-February 2011 and we signed a rental agreement with tenants just last week. Apparently, someone has been...
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Hi Everyone, we have been acquiring single family rentals (>10% cap rate) in St.Paul and Minneapolis the last 12 months and we are noticing the demand for affordable single family rental (1100 - 1500) is increasin...